Stocks continue surge after Trump crisis

Investors continue to buy Wednesday’s dip (^DJI, ^GSPC, ^IXIC) into the weekend, as oil touches $50 for the first time this month. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Myles Udland and Kevin Mahn, CIO of Hennion & Walsh Asset Management.

Winners and losers

Stocks getting hit today include Foot Locker after the athletic footwear retailer missed on earnings, revenue, and same-store sales; fashion retailer The Buckle on a downgrade to sell at Deutsche Bank; and Campbell Soup, with shares sinking after the food maker missed on both its top and bottom lines, citing difficult industry conditions.

Meanwhile, stocks getting a boost today include power producer Dynegy after the WSJ reported rival firm Vistra Energy is in preliminary talks about an acquisition; design software maker Autodesk on a smaller than expected earnings loss and a revenue beat, and Lumber Liquidators. Shares of the hardwood flooring retailer popping on an upgrade to outperform at Oppenheimer, citing new management and healthy sector tailwinds.

Looking ahead

Here’s what will be making headlines on Monday:

  • It’s the tail end of earnings season, but we’ve still got a few companies set to report, including Valspar and Booz Allen Hamilton before the bell.
  • We’ve got a bunch more Fed presidents speaking, including Neel Kashkari, Patrick Harker, Lael Brainard and Charles Evans.
  • Finally we’ve got two potential government spending reports—the CBO’s cost estimate for House-passed health care plan and Trump’s full 2018 Budget proposal could come as early as Monday.
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